Financial and Managerial Accounting: P18-42 Daniels Consulting is going to manufacture billing

Financial and Managerial Accounting 
P18-42 
Problem 18-42 is the first problem in a sequence for Daniels Consulting. This company was also used for the Continuing Problems in the financial accounting chapters as the business evolved from a service company to a merchandising company. However, it is not necessary to complete those problems prior to completing P18-42. 
Daniels Consulting is going to manufacture billing software. During its first month of manufacturing, Daniels incurred the following manufacturing costs: 
Inventories Beginning Ending 
Raw materials 10,800 9,600 
Work in process - 23,000 
Finished goods - 29,000 

Other information: 
Raw materials purchases 18,000 
Plant janitorial services 200 
Sales salaries expense 7,000 
Delivery expense 1,100 
Sales revenue 1,075,000 
Utilities for plant 11,000 
Rent on plant 12,000 
Customer service hotline cost 12,000 
Direct labor 200,000 

Prepare a schedule of cost of goods manufactured for Daniels for the month ended January 31, 2018.
Powered by